Microcredit: Borrowing freely

February 16, 2011

What’s gone wrong with microcredit? asked Brian Keeley on this blog last month, in response to the growing furore in India and Bangladesh surrounding the activities of micro finance institution. Muhammad Yunus and the Grameen Bank are under attack from politicians in Bangladesh. In turn, Professor Yunus has become more vocal in his criticism of commercial micro finance institutions, although the commercial firms continue to enjoy the support of a number of articulate and influential commentators. Read more by Mark Hannam, Chair of Fair Finance